AMAZON COM INC, 10-Q filed on 5/1/2024
Quarterly Report
v3.24.1.u1
Cover - shares
 3 Months Ended
Mar. 31, 2024
Apr. 24, 2024
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2024  
Document Transition Report false  
Entity File Number 000-22513  
Entity Registrant Name AMAZON.COM, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 91-1646860  
Entity Address, Address Line One 410 Terry Avenue North  
Entity Address, City or Town Seattle,  
Entity Address, State or Province WA  
Entity Address, Postal Zip Code 98109-5210  
City Area Code 206  
Local Phone Number 266-1000  
Title of 12(b) Security Common Stock, par value $.01 per share  
Trading Symbol AMZN  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   10,406,627,415
Amendment Flag false  
Document Fiscal Year Focus 2024  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
Entity Central Index Key 0001018724  
v3.24.1.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Statement of Cash Flows [Abstract]        
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 73,890 $ 54,253 $ 49,734 $ 36,599
OPERATING ACTIVITIES:        
Net income 10,431 3,172 37,684 4,294
Adjustments to reconcile net income to net cash from operating activities:        
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other 11,684 11,123 49,224 43,851
Stock-based compensation 4,961 4,748 24,236 21,119
Non-operating expense (income), net 2,734 534 1,452 8,811
Deferred income taxes (938) (472) (6,342) (6,619)
Changes in operating assets and liabilities:        
Inventories 1,776 371 2,854 393
Accounts receivable, net and other 3,684 4,724 (9,388) (4,361)
Other assets (2,701) (3,203) (11,763) (14,499)
Accounts payable (11,282) (11,264) 5,455 1,061
Accrued expenses and other (2,928) (5,763) 407 (1,418)
Unearned revenue 1,568 818 5,328 1,698
Net cash provided by (used in) operating activities 18,989 4,788 99,147 54,330
INVESTING ACTIVITIES:        
Purchases of property and equipment (14,925) (14,207) (53,447) (62,901)
Proceeds from property and equipment sales and incentives 990 1,137 4,449 5,252
Acquisitions, net of cash acquired, non-marketable investments, and other (3,354) (3,513) (5,680) (5,488)
Sales and maturities of marketable securities 1,392 1,115 5,904 9,963
Purchases of marketable securities (1,965) (338) (3,115) (1,139)
Net cash provided by (used in) investing activities (17,862) (15,806) (51,889) (54,313)
FINANCING ACTIVITIES:        
Common stock repurchased 0 0 0 (3,334)
Proceeds from short-term debt, and other 338 12,780 5,687 40,590
Repayments of short-term debt, and other (404) (3,603) (22,478) (34,926)
Proceeds from long-term debt 0 0 0 21,166
Repayments of long-term debt (330) (1,386) (2,620) (2,644)
Principal repayments of finance leases (770) (1,380) (3,774) (6,544)
Principal repayments of financing obligations (90) (57) (304) (226)
Net cash provided by (used in) financing activities (1,256) 6,354 (23,489) 14,082
Foreign currency effect on cash, cash equivalents, and restricted cash (429) 145 (171) (964)
Net increase (decrease) in cash, cash equivalents, and restricted cash (558) (4,519) 23,598 13,135
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $ 73,332 $ 49,734 $ 73,332 $ 49,734
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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Total net sales $ 143,313 $ 127,358
Operating expenses:    
Cost of sales 72,633 67,791
Fulfillment 22,317 20,905
Technology and infrastructure 20,424 20,450
Sales and marketing 9,662 10,172
General and administrative 2,742 3,043
Other operating expense (income), net 228 223
Total operating expenses 128,006 122,584
Operating income 15,307 4,774
Interest income 993 611
Interest expense (644) (823)
Other income (expense), net (2,673) (443)
Total non-operating expense (2,324) (655)
Income before income taxes 12,983 4,119
Provision for income taxes (2,467) (948)
Equity-method investment activity, net of tax (85) 1
Net income $ 10,431 $ 3,172
Basic earnings per share (in usd per share) $ 1.00 $ 0.31
Diluted earnings per share (in usd per share) $ 0.98 $ 0.31
Weighted-average shares used in computation of earnings per share:    
Basic (in shares) 10,393 10,250
Diluted (in shares) 10,670 10,347
Product    
Total net sales $ 60,915 $ 56,981
Service    
Total net sales $ 82,398 $ 70,377
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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Comprehensive Income [Abstract]    
Net income $ 10,431 $ 3,172
Other comprehensive income (loss):    
Foreign currency translation adjustments, net of tax of $(10) and $30 (1,096) 386
Available-for-sale debt securities:    
Change in net unrealized gains (losses), net of tax of $(29) and $(158) 536 95
Less: reclassification adjustment for losses (gains) included in “Other income (expense), net,” net of tax of $(10) and $0 1 33
Net change 537 128
Other, net of tax of $0 and $(1) 1 0
Total other comprehensive income (loss) (558) 514
Comprehensive income $ 9,873 $ 3,686
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Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Comprehensive Income [Abstract]    
Foreign currency translation adjustments, tax $ 30 $ (10)
Unrealized gains (losses), tax (158) (29)
Reclassification adjustment for losses (gains) included in “Other income (expense), net,” 0 (10)
Other comprehensive income, other, tax $ (1) $ 0
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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 72,852 $ 73,387
Marketable securities 12,222 13,393
Inventories 31,147 33,318
Accounts receivable, net and other 47,768 52,253
Total current assets 163,989 172,351
Property and equipment, net 209,950 204,177
Operating leases 73,313 72,513
Goodwill 22,770 22,789
Other assets 60,947 56,024
Total assets 530,969 527,854
Current liabilities:    
Accounts payable 73,068 84,981
Accrued expenses and other 63,970 64,709
Unearned revenue 15,927 15,227
Total current liabilities 152,965 164,917
Long-term lease liabilities 77,052 77,297
Long-term debt 57,634 58,314
Other long-term liabilities 26,657 25,451
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding) 0 0
Common stock ($0.01 par value; 100,000 shares authorized; 10,898 and 10,918 shares issued; 10,383 and 10,403 shares outstanding) 109 109
Treasury stock, at cost (7,837) (7,837)
Additional paid-in capital 103,938 99,025
Accumulated other comprehensive income (loss) (3,598) (3,040)
Retained earnings 124,049 113,618
Total stockholders’ equity 216,661 201,875
Total liabilities and stockholders’ equity $ 530,969 $ 527,854
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Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 31, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 500,000,000 500,000,000
Preferred stock, issued (in shares) 0 0
Preferred stock, outstanding (in shares) 0 0
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, authorized (in shares) 100,000,000,000 100,000,000,000
Common stock, issued (in shares) 10,918,000,000 10,898,000,000
Common stock, outstanding (in shares) 10,403,000,000 10,383,000,000
v3.24.1.u1
Accounting Policies and Supplemental Disclosures
 3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Accounting Policies and Supplemental Disclosures ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES
Unaudited Interim Financial Information
We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2024 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2023 Annual Report on Form 10-K.
Prior Period Reclassifications
Certain prior period amounts have been reclassified to conform to the current period presentation. “Other assets” were reclassified out of “Accounts receivable, net and other” on our consolidated statements of cash flows.
Principles of Consolidation
The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in India and certain entities that support our health care services and seller lending financing activities. Intercompany balances and transactions between consolidated entities are eliminated.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, valuation and impairment of investments, self-insurance liabilities, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates.
We review the useful lives of equipment on an ongoing basis, and effective January 1, 2024 we changed our estimate of the useful lives for our servers from five to six years. The longer useful lives are due to continuous improvements in our hardware, software, and data center designs. The effect of this change in estimate for Q1 2024, based on servers that were included in “Property and equipment, net” as of December 31, 2023 and those acquired during the three months ended March 31, 2024, was a reduction in depreciation and amortization expense of $897 million and a benefit to net income of $695 million, or $0.07 per basic share and $0.07 per diluted share.
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Three Months Ended
March 31,		Twelve Months Ended
March 31,
2023202420232024
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$402 $269 $1,684 $2,475 
Cash paid for operating leases2,467 3,332 8,733 11,318 
Cash paid for interest on finance leases81 74 348 301 
Cash paid for interest on financing obligations59 64 208 201 
Cash paid for income taxes, net of refunds619 458 6,201 11,018 
Assets acquired under operating leases3,626 3,753 20,251 14,179 
Property and equipment acquired under finance leases, net of remeasurements and modifications8 42 517 676 
Property and equipment recognized during the construction period of build-to-suit lease arrangements131 37 1,953 263 
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating
720 — 5,845 654 
Earnings Per Share
Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.
The following table shows the calculation of diluted shares (in millions):
Three Months Ended
March 31,
20232024
Shares used in computation of basic earnings per share10,250 10,393 
Total dilutive effect of outstanding stock awards97 277 
Shares used in computation of diluted earnings per share10,347 10,670 
Other Income (Expense), Net
“Other income (expense), net” is as follows (in millions):
Three Months Ended
March 31,
20232024
Marketable equity securities valuation gains (losses)$(480)$(2,126)
Equity warrant valuation gains (losses)59 (230)
Upward adjustments relating to equity investments in private companies16 5 
Foreign currency gains (losses)70 (74)
Other, net(108)(248)
Total other income (expense), net(443)(2,673)
Included in “Other income (expense), net” is a marketable equity securities valuation gain (loss) of $(467) million and $(2.0) billion in Q1 2023 and Q1 2024, from our equity investment in Rivian Automotive, Inc. (“Rivian”). As of March 31, 2024, we held 158 million shares of Rivian’s Class A common stock, representing an approximate 16% ownership interest, and an approximate 15% voting interest. We determined that we have the ability to exercise significant influence over Rivian through our equity investment, our commercial arrangement for the purchase of electric vehicles and jointly-owned intellectual property, and one of our employees serving on Rivian’s board of directors. We elected the fair value option to account for our equity investment in Rivian, which is included in “Marketable securities” on our consolidated balance sheets, and had a fair value of $3.7 billion and $1.7 billion as of December 31, 2023 and March 31, 2024.
Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions):
Twelve Months Ended December 31,
20222023
Revenues$1,658 $4,434 
Gross profit(3,123)(2,030)
Loss from operations(6,856)(5,739)
Net loss(6,752)(5,432)
Inventories
Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $3.0 billion and $2.6 billion as of December 31, 2023 and March 31, 2024.
Accounts Receivable, Net and Other
Included in “Accounts receivable, net and other” on our consolidated balance sheets are receivables primarily related to customers, vendors, and sellers, as well as prepaid expenses and other current assets. As of December 31, 2023 and March 31, 2024, customer receivables, net, were $34.1 billion and $31.8 billion, vendor receivables, net, were $8.5 billion and $6.7 billion, seller receivables, net, were $1.0 billion and $0.6 billion, and other receivables, net, were $3.3 billion and $3.1 billion. Seller receivables are amounts due from sellers related to our seller lending program, which provides funding to sellers primarily to procure inventory. Prepaid expenses and other current assets were $5.4 billion and $5.6 billion as of December 31, 2023 and March 31, 2024.
We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $1.7 billion as of December 31, 2023 and March 31, 2024.
Digital Video and Music Content
The total capitalized costs of video, which is primarily released content, and music as of December 31, 2023 and March 31, 2024 were $17.4 billion and $17.9 billion. Total video and music expense was $4.0 billion and $4.6 billion in Q1 2023 and Q1 2024
Unearned Revenue
Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2023 was $20.9 billion, of which $6.1 billion was recognized as revenue during the three months ended March 31, 2024. Included in “Other long-term liabilities” on our consolidated balance sheets was $5.7 billion and $6.4 billion of unearned revenue as of December 31, 2023 and March 31, 2024.
Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that have not yet been recognized in our consolidated financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were $157.7 billion as of March 31, 2024. The weighted-average remaining life of our long-term contracts is 4.1 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term.
Accounting Pronouncements Not Yet Adopted
In December 2023, the Financial Accounting Standards Board issued an Accounting Standards Update (“ASU”) amending existing income tax disclosure guidance, primarily requiring more detailed disclosure for income taxes paid and the effective tax rate reconciliation. The ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted, and can be applied on either a prospective or retroactive basis. We are currently evaluating the ASU to determine its impact on our income tax disclosures.
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Financial Instruments
 3 Months Ended
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Financial Instruments FINANCIAL INSTRUMENTS
Cash, Cash Equivalents, Restricted Cash, and Marketable Securities
As of December 31, 2023 and March 31, 2024, our cash, cash equivalents, restricted cash, and marketable securities primarily consisted of cash, AAA-rated money market funds, U.S. and foreign government and agency securities, other investment grade securities, and marketable equity securities. Cash equivalents and marketable securities are recorded at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value:
Level 1—Valuations based on quoted prices for identical assets and liabilities in active markets.
Level 2—Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
Level 3—Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.
We measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or liabilities. Other marketable securities were valued either based on recent trades of securities in inactive markets or based on quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data.
The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):
 December 31, 2023March 31, 2024
  
Total
Estimated
Fair Value		Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash$11,706 $11,633 $— $— $11,633 
Level 1 securities:
Money market funds39,160 28,676 — — 28,676 
Equity securities (1)4,658 2,575 
Level 2 securities:
Foreign government and agency securities505 19 — — 19 
U.S. government and agency securities1,699 2,641 1 (89)2,553 
Corporate debt securities27,805 38,636 — (146)38,490 
Asset-backed securities1,646 1,554 — (45)1,509 
Other debt securities104 102 — (3)99 
$87,283 $83,261 $1 $(283)$85,554 
Less: Restricted cash, cash equivalents, and marketable securities (2)(503)(480)
Total cash, cash equivalents, and marketable securities$86,780 $85,074 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $(479) million and $(2.1) billion in Q1 2023 and Q1 2024.
(2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable debt securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, and standby and trade letters of credit. We classify cash, cash equivalents, and marketable debt securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.”
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of March 31, 2024 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$66,539 $66,481 
Due after one year through five years3,810 3,652 
Due after five years through ten years404 389 
Due after ten years875 824 
Total$71,628 $71,346 
Actual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions.
Non-Marketable Investments
We hold equity warrants giving us the right to acquire stock of other companies. As of December 31, 2023 and March 31, 2024, these warrants had a fair value of $2.2 billion and $2.1 billion, with gains and losses recognized in “Other income (expense), net” on our consolidated statements of operations. These warrants are classified as Level 2 and 3 assets.
As of December 31, 2023 and March 31, 2024, equity investments not accounted for under the equity-method and without readily determinable fair values had a carrying value of $754 million and $801 million, with adjustments recognized in “Other income (expense), net” on our consolidated statements of operations.
In Q3 2023, we invested in a $1.25 billion note from Anthropic, PBC, which is convertible to equity. In Q1 2024, we invested $2.75 billion in a second convertible note. The notes are classified as available for sale and reported at fair value with unrealized gains and losses included in “Accumulated other comprehensive income (loss).” The notes are classified as Level 3 assets. We also have a commercial arrangement primarily for the provision of AWS cloud services, which includes the use of AWS chips.
All non-marketable investments are recorded within “Other assets” on our consolidated balance sheets.
Consolidated Statements of Cash Flows Reconciliation
The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):
December 31, 2023March 31, 2024
Cash and cash equivalents$73,387 $72,852 
Restricted cash included in accounts receivable, net and other497 474 
Restricted cash included in other assets6 6 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$73,890 $73,332 
v3.24.1.u1
Leases
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases LEASES
We have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $62.5 billion and $60.9 billion as of December 31, 2023 and March 31, 2024. Accumulated amortization associated with finance leases was $44.7 billion and $44.0 billion as of December 31, 2023 and March 31, 2024.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended March 31,
20232024
Operating lease cost$2,512 $2,829 
Finance lease cost:
Amortization of lease assets1,546 941 
Interest on lease liabilities80 73 
Finance lease cost1,626 1,014 
Variable lease cost518 635 
Total lease cost$4,656 $4,478 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2023March 31, 2024
Weighted-average remaining lease term – operating leases11.3 years11.2 years
Weighted-average remaining lease term – finance leases11.9 years12.0 years
Weighted-average discount rate – operating leases3.3 %3.3 %
Weighted-average discount rate – finance leases2.7 %2.8 %
Our lease liabilities were as follows (in millions):
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297 
March 31, 2024
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$91,419 $13,262 $104,681 
Less: imputed interest(15,400)(2,022)(17,422)
Present value of lease liabilities76,019 11,240 87,259 
Less: current portion of lease liabilities(8,581)(1,626)(10,207)
Total long-term lease liabilities$67,438 $9,614 $77,052 
Leases LEASES
We have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $62.5 billion and $60.9 billion as of December 31, 2023 and March 31, 2024. Accumulated amortization associated with finance leases was $44.7 billion and $44.0 billion as of December 31, 2023 and March 31, 2024.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended March 31,
20232024
Operating lease cost$2,512 $2,829 
Finance lease cost:
Amortization of lease assets1,546 941 
Interest on lease liabilities80 73 
Finance lease cost1,626 1,014 
Variable lease cost518 635 
Total lease cost$4,656 $4,478 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2023March 31, 2024
Weighted-average remaining lease term – operating leases11.3 years11.2 years
Weighted-average remaining lease term – finance leases11.9 years12.0 years
Weighted-average discount rate – operating leases3.3 %3.3 %
Weighted-average discount rate – finance leases2.7 %2.8 %
Our lease liabilities were as follows (in millions):
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297 
March 31, 2024
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$91,419 $13,262 $104,681 
Less: imputed interest(15,400)(2,022)(17,422)
Present value of lease liabilities76,019 11,240 87,259 
Less: current portion of lease liabilities(8,581)(1,626)(10,207)
Total long-term lease liabilities$67,438 $9,614 $77,052 
v3.24.1.u1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
Commitments
The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of March 31, 2024 (in millions): 
 Nine Months Ended December 31,Year Ended December 31,  
 20242025202620272028ThereafterTotal
Long-term debt principal and interest$10,335 $7,011 $4,679 $10,403 $3,644 $60,176 $96,248 
Operating lease liabilities8,202 10,276 9,531 8,708 7,908 46,794 91,419 
Finance lease liabilities, including interest1,478 1,460 1,376 1,156 1,024 6,768 13,262 
Financing obligations, including interest (1)319 466 473 481 488 6,330 8,557 
Leases not yet commenced1,692 2,579 2,712 2,759 2,893 24,187 36,822 
Unconditional purchase obligations (2)7,322 8,278 6,336 4,862 2,341 10,730 39,869 
Other commitments (3)2,690 1,634 1,168 767 689 9,436 16,384 
Total commitments$32,038 $31,704 $26,275 $29,136 $18,987 $164,421 $302,561 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $271 million and $269 million are recorded within “Accrued expenses and other” and $6.6 billion and $6.5 billion are recorded within “Other long-term liabilities” as of December 31, 2023 and March 31, 2024. The weighted-average remaining term of the financing obligations was 17.0 years and 16.7 years and the weighted-average imputed interest rate was 3.1% as of December 31, 2023 and March 31, 2024.
(2)Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content that are not reflected on the consolidated balance sheets, and certain products offered in our Whole Foods Market stores. For those digital media content agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified. Renewable energy agreements based on actual generation without a fixed or minimum volume commitment are not included. These agreements also provide the right to receive renewable energy certificates for no additional consideration.
(3)Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction. Excludes approximately $5.5 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.
Other Contingencies
We are disputing claims and denials of refunds or credits, and monitoring or evaluating potential claims, related to various non-income taxes (such as sales, value added, consumption, service, and similar taxes), including in jurisdictions in which we already collect and remit these taxes. These non-income tax controversies typically include (i) the taxability of products and services, including cross-border intercompany transactions, (ii) collection and withholding on transactions with third parties, including as a result of evolving requirements imposed on marketplaces with respect to third-party sellers, and (iii) the adequacy of compliance with reporting obligations, including evolving documentation requirements. Due to the inherent complexity and uncertainty of these matters and the judicial and regulatory processes in certain jurisdictions, the final outcome of any such controversies may be materially different from our expectations.
Legal Proceedings
The Company is involved from time to time in claims, proceedings, and litigation, including the matters described in Item 8 of Part II, “Financial Statements and Supplementary Data — Note 7 — Commitments and Contingencies — Legal Proceedings” of our 2023 Annual Report on Form 10-K, as supplemented by the following:
In May 2018, Rensselaer Polytechnic Institute and CF Dynamic Advances LLC filed a complaint against Amazon.com, Inc. in the United States District Court for the Northern District of New York. The complaint alleged, among other things, that “Alexa Voice Software and Alexa enabled devices” infringe U.S. Patent No. 7,177,798, entitled “Natural Language Interface Using Constrained Intermediate Dictionary of Results.” The complaint sought an injunction, an unspecified amount of damages, enhanced damages, an ongoing royalty, interest, attorneys’ fees, and costs. In March 2023, the plaintiffs alleged in
their damages report that in the event of a finding of liability Amazon could be subject to $140 million to $267 million in damages. In March 2024, the district court granted summary judgment ruling that the patent is invalid and dismissed the case. In April 2024, the plaintiffs filed a notice of appeal. We dispute the allegations of wrongdoing and will continue to defend ourselves vigorously in this matter.
In December 2018, Kove IO, Inc. filed a complaint against Amazon Web Services, Inc. in the United States District Court for the Northern District of Illinois. The complaint alleged, among other things, that Amazon S3 and DynamoDB infringe U.S. Patent Nos. 7,814,170 and 7,103,640, each entitled “Network Distributed Tracking Wire Transfer Protocol”; and 7,233,978, entitled “Method and Apparatus for Managing Location Information in a Network Separate from the Data to Which the Location Information Pertains.” The complaint sought an unspecified amount of damages, enhanced damages, attorneys’ fees, costs, interest, and injunctive relief. In April 2024, a jury found that Amazon infringed the asserted patents and awarded Kove $525 million in damages. We disagree with the jury’s findings, intend to appeal the jury verdict, and will continue to defend ourselves vigorously in this matter.
In addition, we are regularly subject to claims, litigation, and other proceedings, including potential regulatory proceedings, involving patent and other intellectual property matters, taxes, labor and employment, competition and antitrust, privacy and data protection, consumer protection, commercial disputes, goods and services offered by us and by third parties, and other matters.
The outcomes of our legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and could be material to our operating results and cash flows for a particular period. We evaluate, on a regular basis, developments in our legal proceedings and other contingencies that could affect the amount of liability, including amounts in excess of any previous accruals and reasonably possible losses disclosed, and make adjustments and changes to our accruals and disclosures as appropriate. For the matters we disclose that do not include an estimate of the amount of loss or range of losses, such an estimate is not possible or is immaterial, and we may be unable to estimate the possible loss or range of losses that could potentially result from the application of non-monetary remedies. Until the final resolution of such matters, if any of our estimates and assumptions change or prove to have been incorrect, we may experience losses in excess of the amounts recorded, which could have a material effect on our business, consolidated financial position, results of operations, or cash flows.
See also “Note 7 — Income Taxes.”
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Debt
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Debt DEBT
As of March 31, 2024, we had $66.5 billion of unsecured senior notes outstanding (the “Notes”) and $352 million of borrowings under our secured revolving credit facility. Our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2023March 31, 2024
2014 Notes issuance of $6.0 billion
2024 - 2044
3.80% - 4.95%
3.90% - 5.12%
4,000 4,000 
2017 Notes issuance of $17.0 billion
2024 - 2057
2.80% - 5.20%
2.95% - 4.33%
15,000 15,000 
2020 Notes issuance of $10.0 billion
2025 - 2060
0.80% - 2.70%
0.88% - 2.77%
9,000 9,000 
2021 Notes issuance of $18.5 billion
2024 - 2061
0.45% - 3.25%
0.57% - 3.31%
17,500 17,500 
April 2022 Notes issuance of $12.8 billion
2024 - 2062
2.73% - 4.10%
2.83% - 4.15%
12,750 12,750 
December 2022 Notes issuance of $8.3 billion
2024 - 2032
4.55% - 4.70%
4.61% - 4.83%
8,250 8,250 
Credit Facility682 352 
Total face value of long-term debt67,182 66,852 
Unamortized discount and issuance costs, net(374)(370)
Less: current portion of long-term debt(8,494)(8,848)
Long-term debt$58,314 $57,634 
___________________
(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, and December 2022 Notes were 11.3, 13.9, 17.3, 12.8, 12.0, and 4.6 years as of March 31, 2024. The combined weighted-average remaining life of the Notes was 12.4 years as of March 31, 2024.
Interest on the Notes is payable semi-annually in arrears. We may redeem the Notes at any time in whole, or from time to time, in part at specified redemption prices. We are not subject to any financial covenants under the Notes. The estimated fair value of the Notes was approximately $60.6 billion and $59.4 billion as of December 31, 2023 and March 31, 2024, which is based on quoted prices for our debt as of those dates.
We have a $352 million secured revolving credit facility with a lender that is secured by certain seller receivables, which we decreased from $1.5 billion to $352 million in March 2024 and we may from time to time increase in the future subject to lender approval (the “Credit Facility”). The Credit Facility is available until August 2025, bears interest based on the daily Secured Overnight Financing Rate plus 1.25%, and has a commitment fee of up to 0.45% on the undrawn portion. There were $682 million and $352 million of borrowings outstanding under the Credit Facility as of December 31, 2023 and March 31, 2024, which had an interest rate of 6.6%. We reclassified all of the $352 million outstanding as of March 31, 2024 to be included with the current portion of long-term debt within “Accrued expenses and other” on our consolidated balance sheets. As of December 31, 2023 and March 31, 2024, we have pledged $806 million and $466 million of our cash and seller receivables as collateral for debt related to our Credit Facility. The estimated fair value of the Credit Facility, which is based on Level 2 inputs, approximated its carrying value as of December 31, 2023 and March 31, 2024.
In January 2023, we entered into an $8.0 billion unsecured 364-day term loan with a syndicate of lenders (the “Term Loan”), maturing in January 2024 and bearing interest at the Secured Overnight Financing Rate specified in the Term Loan plus 0.75%. The Term Loan was classified as short-term debt and included within “Accrued expenses and other” on our consolidated balance sheets. As of December 31, 2023, the entire amount of the Term Loan had been repaid.
We have U.S. Dollar and Euro commercial paper programs (the “Commercial Paper Programs”) under which we may from time to time issue unsecured commercial paper up to a total of $20.0 billion (including up to €3.0 billion) at the date of issue, with individual maturities that may vary but will not exceed 397 days from the date of issue. There were no borrowings outstanding under the Commercial Paper Programs as of December 31, 2023 and March 31, 2024. We use the net proceeds from the issuance of commercial paper for general corporate purposes.
We have a $15.0 billion unsecured revolving credit facility with a syndicate of lenders (the “Credit Agreement”), with a term that extends to November 2028 and may be extended for one or more additional one-year terms if approved by the lenders. The interest rate applicable to outstanding balances under the Credit Agreement is the applicable benchmark rate specified in the Credit Agreement plus 0.45%, with a commitment fee of 0.03% on the undrawn portion of the credit facility. There were no borrowings outstanding under the Credit Agreement as of December 31, 2023 and March 31, 2024.
We have a $5.0 billion unsecured 364-day revolving credit facility with a syndicate of lenders (the “Short-Term Credit Agreement”), which matures in October 2024 and may be extended for one additional period of 364 days if approved by the lenders. The interest rate applicable to outstanding balances under the Short-Term Credit Agreement is the Secured Overnight Financing Rate specified in the Short-Term Credit Agreement plus 0.45%, with a commitment fee of 0.03% on the undrawn portion. There were no borrowings outstanding under the Short-Term Credit Agreement as of December 31, 2023 and March 31, 2024.
We also utilize other short-term credit facilities for working capital purposes. There were $147 million and $50 million of borrowings outstanding under these facilities as of December 31, 2023 and March 31, 2024, which were included in “Accrued expenses and other” on our consolidated balance sheets. In addition, we had $8.5 billion of unused letters of credit as of March 31, 2024.
v3.24.1.u1
Stockholders' Equity
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Stock Repurchase Activity
In March 2022, the Board of Directors authorized a program to repurchase up to $10.0 billion of our common stock, with no fixed expiration. There were no repurchases of our common stock during the three months ended March 31, 2023 or 2024. As of March 31, 2024, we have $6.1 billion remaining under the repurchase program.
Stock Award Plans
Employees vest in restricted stock unit awards over the corresponding service term, generally between two and five years. The majority of restricted stock unit awards are granted at the date of hire or in Q2 as part of the annual compensation review and primarily vest semi-annually in Q2 and Q4 of the relevant compensation year.
Stock Award Activity
Common shares outstanding plus shares underlying outstanding stock awards totaled 10.8 billion as of December 31, 2023 and March 31, 2024. These totals include all vested and unvested stock awards outstanding, including those awards we estimate will be forfeited. Stock-based compensation expense is as follows (in millions):
Three Months Ended
March 31,
20232024
Cost of sales$165 $174 
Fulfillment603 636 
Technology and infrastructure2,574 2,772 
Sales and marketing993 932 
General and administrative413 447 
Total stock-based compensation expense$4,748 $4,961 
The following table summarizes our restricted stock unit activity for the three months ended March 31, 2024 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2023405.8 $125 
Units granted10.7 166 
Units vested(20.0)140 
Units forfeited(11.6)126 
Outstanding as of March 31, 2024384.9 126 
Scheduled vesting for outstanding restricted stock units as of March 31, 2024, is as follows (in millions):
 Nine Months Ended December 31,Year Ended December 31,  
 20242025202620272028ThereafterTotal
Scheduled vesting — restricted stock units195.0 122.0 50.1 14.0 2.1 1.7 384.9 
As of March 31, 2024, there was $14.7 billion of net unrecognized compensation cost related to unvested stock-based compensation arrangements. This compensation is recognized on an accelerated basis with more than half of the compensation expected to be expensed in the next twelve months, and has a remaining weighted-average recognition period of 0.9 years. The estimated forfeiture rate as of December 31, 2023 and March 31, 2024 was 26.1%.
Changes in Stockholders’ Equity
The following table shows changes in stockholders’ equity (in millions):
Three Months Ended
March 31,
20232024
Total beginning stockholders’ equity$146,043 $201,875 
Beginning and ending common stock108 109 
Beginning and ending treasury stock(7,837)(7,837)
Beginning additional paid-in capital75,066 99,025 
Stock-based compensation and issuance of employee benefit plan stock4,797 4,913 
Ending additional paid-in capital79,863 103,938 
Beginning accumulated other comprehensive income (loss)(4,487)(3,040)
Other comprehensive income (loss)514 (558)
Ending accumulated other comprehensive income (loss)(3,973)(3,598)
Beginning retained earnings83,193 113,618 
Net income3,172 10,431 
Ending retained earnings86,365 124,049 
Total ending stockholders’ equity$154,526 $216,661 
v3.24.1.u1
Income Taxes
 3 Months Ended
Mar. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Our tax provision or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment.
Our quarterly tax provision, and our quarterly estimate of our annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss and the mix of jurisdictions to which they relate, intercompany transactions, the applicability of special tax regimes, changes in how we do business, acquisitions, investments, developments in tax controversies, changes in our stock price, changes in our deferred tax assets and liabilities and their valuation, foreign currency gains (losses), changes in statutes, regulations, case law, and administrative practices, principles, and interpretations related to tax, including changes to the global tax framework, competition, and other laws and accounting rules in various jurisdictions, and relative changes of expenses or losses for which tax benefits are not recognized. Our effective tax rate can be more or less volatile based on the amount of pre-tax income or loss. For example, the impact of discrete items and non-deductible expenses on our effective tax rate is greater when our pre-tax income is lower. In addition, we record valuation allowances against deferred tax assets when there is uncertainty about our ability to generate future income in relevant jurisdictions.
For 2024, we estimate that our effective tax rate will be favorably impacted by the U.S. federal research and development credit and foreign income deduction and adversely affected by state income taxes. In addition, valuation gains and losses from our equity investment in Rivian impact our pre-tax income and may cause variability in our effective tax rate.
Our income tax provision for the three months ended March 31, 2023 was $948 million, which included $48 million of net discrete tax expense. Our income tax provision for the three months ended March 31, 2024 was $2.5 billion, which included $558 million of net discrete tax benefits.
Cash paid for income taxes, net of refunds was $619 million and $458 million in Q1 2023 and Q1 2024.
As of December 31, 2023 and March 31, 2024, income tax contingencies were approximately $5.2 billion and $5.5 billion. Changes in tax laws, regulations, administrative practices, principles, and interpretations may impact our tax contingencies. Due to various factors, including the inherent complexities and uncertainties of the judicial, administrative, and regulatory processes in certain jurisdictions, the timing of the resolution of income tax controversies is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ from the amounts
accrued. It is reasonably possible that within the next twelve months we will receive additional assessments by various tax authorities or possibly reach resolution of income tax controversies in one or more jurisdictions. These assessments or settlements could result in changes to our contingencies related to positions on prior years’ tax filings.
We are under examination, or may be subject to examination, by the Internal Revenue Service for the calendar year 2016 and thereafter. These examinations may lead to ordinary course adjustments or proposed adjustments to our taxes or our net operating losses with respect to years under examination as well as subsequent periods.
We are also subject to taxation in various states and other foreign jurisdictions including China, France, Germany, India, Japan, Luxembourg, and the United Kingdom. We are under, or may be subject to, audit or examination and additional assessments by the relevant authorities in respect of these particular jurisdictions primarily for 2011 and thereafter. We are currently disputing tax assessments in multiple jurisdictions, including with respect to the allocation and characterization of income.
In September 2022, the Luxembourg tax authority (“LTA”) denied the tax basis of certain intangible assets that we distributed from Luxembourg to the U.S. in 2021. When we are assessed by the LTA, we will need to remit taxes related to this matter. We believe the LTA’s position is without merit, we intend to defend ourselves vigorously in this matter, and we expect to recoup taxes paid.
The Indian tax authority (“ITA”) has asserted that tax applies to cloud services fees paid to Amazon in the U.S. We will need to remit taxes related to this matter until it is resolved, which payments could be significant in the aggregate. We believe the ITA’s position is without merit, we are defending our position vigorously, and we expect to recoup taxes paid. If this matter is adversely resolved, we could recognize significant additional tax expense, including for taxes previously paid.
v3.24.1.u1
Segment Information
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
We have organized our operations into three segments: North America, International, and AWS. We allocate to segment results the operating expenses “Fulfillment,” “Technology and infrastructure,” “Sales and marketing,” and “General and administrative” based on usage, which is generally reflected in the segment in which the costs are incurred. The majority of technology costs recorded in “Technology and infrastructure” are incurred in the U.S. and are included in our North America and AWS segments. The majority of infrastructure costs recorded in “Technology and infrastructure” are allocated to the AWS segment based on usage. There are no internal revenue transactions between our reportable segments. Our chief operating decision maker (“CODM”) regularly reviews consolidated net sales, consolidated operating expenses, and consolidated operating income (loss) by segment. Amounts included in consolidated operating expenses include “Cost of sales,” “Fulfillment,” “Technology and infrastructure,” “Sales and marketing,” “General and administrative,” and “Other operating expense (income), net.” Our CODM manages our business by reviewing annual forecasts and consolidated results by segment on a quarterly basis.
North America
The North America segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and advertising and subscription services through North America-focused online and physical stores. This segment includes export sales from these online stores.
International
The International segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and advertising and subscription services through internationally-focused online stores. This segment includes export sales from these internationally-focused online stores (including export sales from these online stores to customers in the U.S., Mexico, and Canada), but excludes export sales from our North America-focused online stores.
AWS
The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions.
Information on reportable segments and reconciliation to consolidated net income is as follows (in millions):
Three Months Ended
March 31,
20232024
North America
Net sales$76,881 $86,341 
Operating expenses75,983 81,358 
Operating income$898 $4,983 
International
Net sales$29,123 $31,935 
Operating expenses30,370 31,032 
Operating income (loss)$(1,247)$903 
AWS
Net sales$21,354 $25,037 
Operating expenses16,231 15,616 
Operating income$5,123 $9,421 
Consolidated
Net sales$127,358 $143,313 
Operating expenses122,584 128,006 
Operating income4,774 15,307 
Total non-operating expense(655)(2,324)
Provision for income taxes(948)(2,467)
Equity-method investment activity, net of tax1 (85)
Net income$3,172 $10,431 
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):    
Three Months Ended
March 31,
20232024
Net Sales:
Online stores (1)$51,096 $54,670 
Physical stores (2)4,895 5,202 
Third-party seller services (3)29,820 34,596 
Advertising services (4)9,509 11,824 
Subscription services (5)9,657 10,722 
AWS21,354 25,037 
Other (6)1,027 1,262 
Consolidated$127,358 $143,313 
____________________________
(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”
(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”
(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.
(4)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
(5)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
(6)Includes sales related to various other offerings, such as health care services, certain licensing and distribution of video content, and shipping services, and our co-branded credit card agreements.
v3.24.1.u1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Pay vs Performance Disclosure        
Net Income $ 10,431 $ 3,172 $ 37,684 $ 4,294
v3.24.1.u1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2024
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Keith Alexander [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On February 5, 2024, Keith Alexander, a member of our Board of Directors, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 1,900 shares of Amazon.com, Inc. common stock over a period ending on November 4, 2024, subject to certain conditions.
Name Keith Alexander
Title Directors
Rule 10b5-1 Arrangement Adopted true
Adoption Date February 5, 2024
Arrangement Duration 273 days
Aggregate Available 1,900
Daniel Huttenlocher [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On February 14, 2024, Daniel Huttenlocher, a member of our Board of Directors, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 1,237 shares of Amazon.com, Inc. common stock over a period ending on November 21, 2024, subject to certain conditions.
Name Daniel Huttenlocher
Title Directors
Rule 10b5-1 Arrangement Adopted true
Adoption Date February 14, 2024
Arrangement Duration 281 days
Aggregate Available 1,237
Jeffrey Bezos [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On March 2, 2024, Jeffrey Bezos, our founder and Executive Chair, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 25,000,000 shares of Amazon.com, Inc. common stock over a period ending on December 31, 2025, subject to certain conditions.
Name Jeffrey Bezos
Title founder and Executive Chair
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 2, 2024
Arrangement Duration 669 days
Aggregate Available 25,000,000
v3.24.1.u1
Accounting Policies and Supplemental Disclosures (Policies)
 3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Unaudited Interim Financial Information
Unaudited Interim Financial Information
We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2024 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2023 Annual Report on Form 10-K.
Prior Period Reclassifications
Prior Period Reclassifications
Certain prior period amounts have been reclassified to conform to the current period presentation. “Other assets” were reclassified out of “Accounts receivable, net and other” on our consolidated statements of cash flows.
Principles of Consolidation
Principles of Consolidation
The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in India and certain entities that support our health care services and seller lending financing activities. Intercompany balances and transactions between consolidated entities are eliminated.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, valuation and impairment of investments, self-insurance liabilities, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates.
We review the useful lives of equipment on an ongoing basis, and effective January 1, 2024 we changed our estimate of the useful lives for our servers from five to six years. The longer useful lives are due to continuous improvements in our hardware, software, and data center designs.
Earnings Per Share
Earnings Per Share
Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.
Inventories
Inventories
Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $3.0 billion and $2.6 billion as of December 31, 2023 and March 31, 2024.
Accounts Receivable, Net and Other
Accounts Receivable, Net and Other
Included in “Accounts receivable, net and other” on our consolidated balance sheets are receivables primarily related to customers, vendors, and sellers, as well as prepaid expenses and other current assets. As of December 31, 2023 and March 31, 2024, customer receivables, net, were $34.1 billion and $31.8 billion, vendor receivables, net, were $8.5 billion and $6.7 billion, seller receivables, net, were $1.0 billion and $0.6 billion, and other receivables, net, were $3.3 billion and $3.1 billion. Seller receivables are amounts due from sellers related to our seller lending program, which provides funding to sellers primarily to procure inventory. Prepaid expenses and other current assets were $5.4 billion and $5.6 billion as of December 31, 2023 and March 31, 2024.
We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $1.7 billion as of December 31, 2023 and March 31, 2024.
Digital Video and Music Content
Digital Video and Music Content
The total capitalized costs of video, which is primarily released content, and music as of December 31, 2023 and March 31, 2024 were $17.4 billion and $17.9 billion. Total video and music expense was $4.0 billion and $4.6 billion in Q1 2023 and Q1 2024
Unearned Revenue
Unearned Revenue
Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2023 was $20.9 billion, of which $6.1 billion was recognized as revenue during the three months ended March 31, 2024. Included in “Other long-term liabilities” on our consolidated balance sheets was $5.7 billion and $6.4 billion of unearned revenue as of December 31, 2023 and March 31, 2024.
Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that have not yet been recognized in our consolidated financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were $157.7 billion as of March 31, 2024. The weighted-average remaining life of our long-term contracts is 4.1 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term.
Accounting Pronouncements Not Yet Adopted
Accounting Pronouncements Not Yet Adopted
In December 2023, the Financial Accounting Standards Board issued an Accounting Standards Update (“ASU”) amending existing income tax disclosure guidance, primarily requiring more detailed disclosure for income taxes paid and the effective tax rate reconciliation. The ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted, and can be applied on either a prospective or retroactive basis. We are currently evaluating the ASU to determine its impact on our income tax disclosures.
v3.24.1.u1
Accounting Policies and Supplemental Disclosures (Tables)
 3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Three Months Ended
March 31,		Twelve Months Ended
March 31,
2023202420232024
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$402 $269 $1,684 $2,475 
Cash paid for operating leases2,467 3,332 8,733 11,318 
Cash paid for interest on finance leases81 74 348 301 
Cash paid for interest on financing obligations59 64 208 201 
Cash paid for income taxes, net of refunds619 458 6,201 11,018 
Assets acquired under operating leases3,626 3,753 20,251 14,179 
Property and equipment acquired under finance leases, net of remeasurements and modifications8 42 517 676 
Property and equipment recognized during the construction period of build-to-suit lease arrangements131 37 1,953 263 
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating
720 — 5,845 654 
Calculation of Diluted Shares
The following table shows the calculation of diluted shares (in millions):
Three Months Ended
March 31,
20232024
Shares used in computation of basic earnings per share10,250 10,393 
Total dilutive effect of outstanding stock awards97 277 
Shares used in computation of diluted earnings per share10,347 10,670 
Other Income (Expense), Net Other income (expense), net” is as follows (in millions):
Three Months Ended
March 31,
20232024
Marketable equity securities valuation gains (losses)$(480)$(2,126)
Equity warrant valuation gains (losses)59 (230)
Upward adjustments relating to equity investments in private companies16 5 
Foreign currency gains (losses)70 (74)
Other, net(108)(248)
Total other income (expense), net(443)(2,673)
Summarized Financial Information of Equity Investment
Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions):
Twelve Months Ended December 31,
20222023
Revenues$1,658 $4,434 
Gross profit(3,123)(2,030)
Loss from operations(6,856)(5,739)
Net loss(6,752)(5,432)
v3.24.1.u1
Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Fair Value by Major Security Type
The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):
 December 31, 2023March 31, 2024
  
Total
Estimated
Fair Value		Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash$11,706 $11,633 $— $— $11,633 
Level 1 securities:
Money market funds39,160 28,676 — — 28,676 
Equity securities (1)4,658 2,575 
Level 2 securities:
Foreign government and agency securities505 19 — — 19 
U.S. government and agency securities1,699 2,641 1 (89)2,553 
Corporate debt securities27,805 38,636 — (146)38,490 
Asset-backed securities1,646 1,554 — (45)1,509 
Other debt securities104 102 — (3)99 
$87,283 $83,261 $1 $(283)$85,554 
Less: Restricted cash, cash equivalents, and marketable securities (2)(503)(480)
Total cash, cash equivalents, and marketable securities$86,780 $85,074 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $(479) million and $(2.1) billion in Q1 2023 and Q1 2024.
(2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable debt securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, and standby and trade letters of credit. We classify cash, cash equivalents, and marketable debt securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.”
Investments Classified by Contractual Maturity Date
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of March 31, 2024 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$66,539 $66,481 
Due after one year through five years3,810 3,652 
Due after five years through ten years404 389 
Due after ten years875 824 
Total$71,628 $71,346 
Consolidated Statements of Cash Flow Reconciliation - Cash and Cash Equivalents
The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):
December 31, 2023March 31, 2024
Cash and cash equivalents$73,387 $72,852 
Restricted cash included in accounts receivable, net and other497 474 
Restricted cash included in other assets6 6 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$73,890 $73,332 
Consolidated Statements of Cash Flow Reconciliation - Restricted Cash
The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):
December 31, 2023March 31, 2024
Cash and cash equivalents$73,387 $72,852 
Restricted cash included in accounts receivable, net and other497 474 
Restricted cash included in other assets6 6 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$73,890 $73,332 
v3.24.1.u1
Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Lease Cost
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended March 31,
20232024
Operating lease cost$2,512 $2,829 
Finance lease cost:
Amortization of lease assets1,546 941 
Interest on lease liabilities80 73 
Finance lease cost1,626 1,014 
Variable lease cost518 635 
Total lease cost$4,656 $4,478 
Other Information about Lease Amounts Recognized
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2023March 31, 2024
Weighted-average remaining lease term – operating leases11.3 years11.2 years
Weighted-average remaining lease term – finance leases11.9 years12.0 years
Weighted-average discount rate – operating leases3.3 %3.3 %
Weighted-average discount rate – finance leases2.7 %2.8 %
Lease Liabilities
Our lease liabilities were as follows (in millions):
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297 
March 31, 2024
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$91,419 $13,262 $104,681 
Less: imputed interest(15,400)(2,022)(17,422)
Present value of lease liabilities76,019 11,240 87,259 
Less: current portion of lease liabilities(8,581)(1,626)(10,207)
Total long-term lease liabilities$67,438 $9,614 $77,052 
v3.24.1.u1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Principal Contractual Commitments, Excluding Open Orders for Purchases
The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of March 31, 2024 (in millions): 
 Nine Months Ended December 31,Year Ended December 31,  
 20242025202620272028ThereafterTotal
Long-term debt principal and interest$10,335 $7,011 $4,679 $10,403 $3,644 $60,176 $96,248 
Operating lease liabilities8,202 10,276 9,531 8,708 7,908 46,794 91,419 
Finance lease liabilities, including interest1,478 1,460 1,376 1,156 1,024 6,768 13,262 
Financing obligations, including interest (1)319 466 473 481 488 6,330 8,557 
Leases not yet commenced1,692 2,579 2,712 2,759 2,893 24,187 36,822 
Unconditional purchase obligations (2)7,322 8,278 6,336 4,862 2,341 10,730 39,869 
Other commitments (3)2,690 1,634 1,168 767 689 9,436 16,384 
Total commitments$32,038 $31,704 $26,275 $29,136 $18,987 $164,421 $302,561 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $271 million and $269 million are recorded within “Accrued expenses and other” and $6.6 billion and $6.5 billion are recorded within “Other long-term liabilities” as of December 31, 2023 and March 31, 2024. The weighted-average remaining term of the financing obligations was 17.0 years and 16.7 years and the weighted-average imputed interest rate was 3.1% as of December 31, 2023 and March 31, 2024.
(2)Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content that are not reflected on the consolidated balance sheets, and certain products offered in our Whole Foods Market stores. For those digital media content agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified. Renewable energy agreements based on actual generation without a fixed or minimum volume commitment are not included. These agreements also provide the right to receive renewable energy certificates for no additional consideration.
(3)Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction. Excludes approximately $5.5 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.
v3.24.1.u1
Debt (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Long-Term Debt Obligations Our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2023March 31, 2024
2014 Notes issuance of $6.0 billion
2024 - 2044
3.80% - 4.95%
3.90% - 5.12%
4,000 4,000 
2017 Notes issuance of $17.0 billion
2024 - 2057
2.80% - 5.20%
2.95% - 4.33%
15,000 15,000 
2020 Notes issuance of $10.0 billion
2025 - 2060
0.80% - 2.70%
0.88% - 2.77%
9,000 9,000 
2021 Notes issuance of $18.5 billion
2024 - 2061
0.45% - 3.25%
0.57% - 3.31%
17,500 17,500 
April 2022 Notes issuance of $12.8 billion
2024 - 2062
2.73% - 4.10%
2.83% - 4.15%
12,750 12,750 
December 2022 Notes issuance of $8.3 billion
2024 - 2032
4.55% - 4.70%
4.61% - 4.83%
8,250 8,250 
Credit Facility682 352 
Total face value of long-term debt67,182 66,852 
Unamortized discount and issuance costs, net(374)(370)
Less: current portion of long-term debt(8,494)(8,848)
Long-term debt$58,314 $57,634 
___________________
(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, and December 2022 Notes were 11.3, 13.9, 17.3, 12.8, 12.0, and 4.6 years as of March 31, 2024. The combined weighted-average remaining life of the Notes was 12.4 years as of March 31, 2024.
v3.24.1.u1
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Stock-Based Compensation Expense Stock-based compensation expense is as follows (in millions):
Three Months Ended
March 31,
20232024
Cost of sales$165 $174 
Fulfillment603 636 
Technology and infrastructure2,574 2,772 
Sales and marketing993 932 
General and administrative413 447 
Total stock-based compensation expense$4,748 $4,961 
Restricted Stock Unit Activity
The following table summarizes our restricted stock unit activity for the three months ended March 31, 2024 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2023405.8 $125 
Units granted10.7 166 
Units vested(20.0)140 
Units forfeited(11.6)126 
Outstanding as of March 31, 2024384.9 126 
Scheduled Vesting for Outstanding Restricted Stock Units
Scheduled vesting for outstanding restricted stock units as of March 31, 2024, is as follows (in millions):
 Nine Months Ended December 31,Year Ended December 31,  
 20242025202620272028ThereafterTotal
Scheduled vesting — restricted stock units195.0 122.0 50.1 14.0 2.1 1.7 384.9 
Changes in Stockholders' Equity
The following table shows changes in stockholders’ equity (in millions):
Three Months Ended
March 31,
20232024
Total beginning stockholders’ equity$146,043 $201,875 
Beginning and ending common stock108 109 
Beginning and ending treasury stock(7,837)(7,837)
Beginning additional paid-in capital75,066 99,025 
Stock-based compensation and issuance of employee benefit plan stock4,797 4,913 
Ending additional paid-in capital79,863 103,938 
Beginning accumulated other comprehensive income (loss)(4,487)(3,040)
Other comprehensive income (loss)514 (558)
Ending accumulated other comprehensive income (loss)(3,973)(3,598)
Beginning retained earnings83,193 113,618 
Net income3,172 10,431 
Ending retained earnings86,365 124,049 
Total ending stockholders’ equity$154,526 $216,661 
v3.24.1.u1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Information on Reportable Segments and Reconciliation to Consolidated Net Income
Information on reportable segments and reconciliation to consolidated net income is as follows (in millions):
Three Months Ended
March 31,
20232024
North America
Net sales$76,881 $86,341 
Operating expenses75,983 81,358 
Operating income$898 $4,983 
International
Net sales$29,123 $31,935 
Operating expenses30,370 31,032 
Operating income (loss)$(1,247)$903 
AWS
Net sales$21,354 $25,037 
Operating expenses16,231 15,616 
Operating income$5,123 $9,421 
Consolidated
Net sales$127,358 $143,313 
Operating expenses122,584 128,006 
Operating income4,774 15,307 
Total non-operating expense(655)(2,324)
Provision for income taxes(948)(2,467)
Equity-method investment activity, net of tax1 (85)
Net income$3,172 $10,431 
Disaggregation of Revenue
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):    
Three Months Ended
March 31,
20232024
Net Sales:
Online stores (1)$51,096 $54,670 
Physical stores (2)4,895 5,202 
Third-party seller services (3)29,820 34,596 
Advertising services (4)9,509 11,824 
Subscription services (5)9,657 10,722 
AWS21,354 25,037 
Other (6)1,027 1,262 
Consolidated$127,358 $143,313 
____________________________
(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”
(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”
(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.
(4)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
(5)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
(6)Includes sales related to various other offerings, such as health care services, certain licensing and distribution of video content, and shipping services, and our co-branded credit card agreements.
v3.24.1.u1
Accounting Policies and Supplemental Disclosures - Use of Estimates (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Jan. 01, 2024
Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]            
Depreciation, Depletion and Amortization $ (11,684) $ (11,123) $ (49,224) $ (43,851)    
Net Income $ 10,431 $ 3,172 $ 37,684 $ 4,294    
Basic earnings per share (in usd per share) $ 1.00 $ 0.31        
Diluted earnings per share (in usd per share) $ 0.98 $ 0.31        
Change in useful lives of servers and networking equipment            
Restructuring Cost and Reserve [Line Items]            
Depreciation, Depletion and Amortization $ 897          
Net Income $ 695          
Basic earnings per share (in usd per share) $ 0.07          
Diluted earnings per share (in usd per share) $ 0.07          
Servers            
Restructuring Cost and Reserve [Line Items]            
Estimated useful lives of assets           5 years
Servers | Change in useful lives of servers and networking equipment            
Restructuring Cost and Reserve [Line Items]            
Estimated useful lives of assets         6 years  
v3.24.1.u1
Accounting Policies and Supplemental Disclosures - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Accounting Policies [Abstract]        
Cash paid for interest on debt, net of capitalized interest $ 269 $ 402 $ 2,475 $ 1,684
Cash paid for operating leases 3,332 2,467 11,318 8,733
Cash paid for interest on finance leases 74 81 301 348
Cash paid for interest on financing obligations 64 59 201 208
Cash paid for income taxes, net of refunds 458 619 11,018 6,201
Assets acquired under operating leases 3,753 3,626 14,179 20,251
Property and equipment acquired under finance leases, net of remeasurements and modifications 42 8 676 517
Property and equipment recognized during the construction period of build-to-suit lease arrangements 37 131 263 1,953
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating $ 0 $ 720 $ 654 $ 5,845
v3.24.1.u1
Accounting Policies and Supplemental Disclosures - Calculation of Diluted Shares (Details) - shares
shares in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Accounting Policies [Abstract]    
Shares used in computation of basic earnings per share (in shares) 10,393 10,250
Total dilutive effect of outstanding stock awards (in shares) 277 97
Shares used in computation of diluted earnings per share (in shares) 10,670 10,347
v3.24.1.u1
Accounting Policies and Supplemental Disclosures - Other Income (Expense), Net (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Accounting Policies [Abstract]            
Marketable equity securities valuation gains (losses) $ (2,126) $ (480)        
Equity warrant valuation gains (losses) (230) 59        
Upward adjustments relating to equity investments in private companies 5 16        
Foreign currency gains (losses) (74) 70        
Other, net (248) (108)        
Total other income (expense), net (2,673) (443)        
Schedule of Investments [Line Items]            
Marketable equity securities valuation gains (losses) (2,126) (480)        
Loss from operations 15,307 4,774        
Net loss 10,431 3,172 $ 37,684   $ 4,294  
Equity method investment, nonconsolidated investee            
Accounting Policies [Abstract]            
Marketable equity securities valuation gains (losses) (2,000) (467)        
Schedule of Investments [Line Items]            
Marketable equity securities valuation gains (losses) $ (2,000) $ (467)        
Equity investment, shares held (in shares) 158   158      
Equity investment, ownership percentage 16.00%   16.00%      
Equity investment, voting interest 15.00%   15.00%      
Equity investment, fair value $ 1,700   $ 1,700 $ 3,700    
Revenues       4,434   $ 1,658
Gross profit       (2,030)   (3,123)
Loss from operations       (5,739)   (6,856)
Net loss       $ (5,432)   $ (6,752)
v3.24.1.u1
Accounting Policies and Supplemental Disclosures - Inventories (Details) - USD ($)
$ in Billions
Mar. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]    
Inventory valuation allowance $ 2.6 $ 3.0
v3.24.1.u1
Accounting Policies and Supplemental Disclosures - Accounts Receivable, Net and Other (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other $ 47,768 $ 52,253
Prepaid expenses and other current assets 5,600 5,400
Allowance for doubtful accounts 1,700 1,700
Customer receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other 31,800 34,100
Vendor receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other 6,700 8,500
Seller receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other 600 1,000
Other receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other $ 3,100 $ 3,300
v3.24.1.u1
Accounting Policies and Supplemental Disclosures - Video and Music Content (Details) - USD ($)
$ in Billions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Accounting Policies [Abstract]      
Digital video and music content, capitalized costs $ 17.9   $ 17.4
Digital video and music content, expense $ 4.6 $ 4.0  
v3.24.1.u1
Accounting Policies and Supplemental Disclosures - Unearned Revenue (Details) - USD ($)
$ in Billions
 3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]    
Unearned revenue   $ 20.9
Unearned revenue, revenue recognized $ 6.1  
Unearned revenue, long-term 6.4 $ 5.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Remaining performance obligation, contracts exceeding one year $ 157.7  
Remaining performance obligation, weighted average remaining life 4 years 1 month 6 days  
v3.24.1.u1
Accounting Policies and Supplemental Disclosures - Acquisition Activity (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Accounting Policies [Abstract]          
Cash consideration $ 3,354 $ 3,513 $ 5,680 $ 5,488  
Goodwill $ 22,770   $ 22,770   $ 22,789
v3.24.1.u1
Financial Instruments - Fair Values on Recurring Basis (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Equity Securities, FV-NI, Gain (Loss)      
Equity securities, unrealized gain (loss) $ (2,100) $ (479)  
Recurring      
Schedule of Investments [Line Items]      
Cash 11,633   $ 11,706
Debt Securities, Available-for-sale      
Gross unrealized gains 1    
Gross unrealized losses (283)    
Cash, Cash Equivalents, and Marketable Securities      
Cash, cash equivalents and marketable securities 85,554   87,283
Cash, cash equivalents and marketable securities, amortized cost 83,261    
Less: Restricted cash, cash equivalents, and marketable securities (480)   (503)
Total cash, cash equivalents, and marketable securities 85,074   86,780
Recurring | Level 1 securities      
Schedule of Investments [Line Items]      
Equity securities 2,575   4,658
Recurring | Level 1 securities | Money market funds      
Schedule of Investments [Line Items]      
Money market funds 28,676   39,160
Recurring | Level 1 securities | Money market funds | Money market funds      
Schedule of Investments [Line Items]      
Money market funds 28,676    
Recurring | Level 2 securities | Foreign government and agency securities      
Debt Securities, Available-for-sale      
Fixed income securities, amortized cost 19    
Gross unrealized gains 0    
Gross unrealized losses 0    
Fixed income securities 19   505
Recurring | Level 2 securities | U.S. government and agency securities      
Debt Securities, Available-for-sale      
Fixed income securities, amortized cost 2,641    
Gross unrealized gains 1    
Gross unrealized losses (89)    
Fixed income securities 2,553   1,699
Recurring | Level 2 securities | Corporate debt securities      
Debt Securities, Available-for-sale      
Fixed income securities, amortized cost 38,636    
Gross unrealized gains 0    
Gross unrealized losses (146)    
Fixed income securities 38,490   27,805
Recurring | Level 2 securities | Asset-backed securities      
Debt Securities, Available-for-sale      
Fixed income securities, amortized cost 1,554    
Gross unrealized gains 0    
Gross unrealized losses (45)    
Fixed income securities 1,509   1,646
Recurring | Level 2 securities | Other debt securities      
Debt Securities, Available-for-sale      
Fixed income securities, amortized cost 102    
Gross unrealized gains 0    
Gross unrealized losses (3)    
Fixed income securities $ 99   $ 104
v3.24.1.u1
Financial Instruments - Contractual Maturities (Details)
$ in Millions
Mar. 31, 2024
USD ($)
Amortized Cost  
Due within one year $ 66,539
Due after one year through five years 3,810
Due after five years through ten years 404
Due after ten years 875
Amortized cost 71,628
Estimated Fair Value  
Due within one year 66,481
Due after one year through five years 3,652
Due after five years through ten years 389
Due after ten years 824
Estimated fair value $ 71,346
v3.24.1.u1
Financial Instruments - Equity Warrants and Non-Marketable Equity Investments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Sep. 30, 2023
Dec. 31, 2023
Derivative [Line Items]      
Equity investments without readily determinable fair values $ 801   $ 754
Payments to acquire nonmarketable securities 2,750 $ 1,250  
Warrant | Level 2 assets      
Derivative [Line Items]      
Fair value of warrant assets $ 2,100   $ 2,200
v3.24.1.u1
Financial Instruments - Consolidated Statements of Cash Flows Reconciliation (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]          
Cash and cash equivalents $ 72,852 $ 73,387      
Restricted cash included in accounts receivable, net and other 474 497      
Restricted cash included in other assets 6 6      
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 73,332 $ 73,890 $ 49,734 $ 54,253 $ 36,599
v3.24.1.u1
Leases - Additional Information (Details) - USD ($)
$ in Billions
Mar. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
Gross assets acquired under finance leases, location Property and equipment, net Property and equipment, net
Gross assets acquired under finance leases $ 60.9 $ 62.5
Accumulated amortization associated with finance leases $ 44.0 $ 44.7
v3.24.1.u1
Leases - Lease Cost (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Leases [Abstract]    
Operating lease cost $ 2,829 $ 2,512
Finance lease cost:    
Amortization of lease assets 941 1,546
Interest on lease liabilities 73 80
Finance lease cost 1,014 1,626
Variable lease cost 635 518
Total lease cost $ 4,478 $ 4,656
v3.24.1.u1
Leases - Other Operating and Finance Lease Information (Details)
Mar. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
Weighted-average remaining lease term – operating leases 11 years 2 months 12 days 11 years 3 months 18 days
Weighted-average remaining lease term – finance leases 12 years 11 years 10 months 24 days
Weighted-average discount rate – operating leases 3.30% 3.30%
Weighted-average discount rate – finance leases 2.80% 2.70%
v3.24.1.u1
Leases - Operating and Finance Lease Liability Reconciliation (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
Total operating lease liabilities $ 91,419 $ 90,777
Total finance lease liabilities 13,262 14,106
Gross lease liabilities 104,681 104,883
Imputed interest - operating leases (15,400) (15,138)
Imputed interest - finance leases (2,022) (1,997)
Imputed interest (17,422) (17,135)
Present value of operating leases 76,019 75,639
Present value of finance leases 11,240 12,109
Present value of lease liabilities $ 87,259 $ 87,748
Operating lease liability, current, location Accrued expenses and other Accrued expenses and other
Finance lease liability, current location Accrued expenses and other Accrued expenses and other
Current portion of operating lease liabilities $ (8,581) $ (8,419)
Current portion of finance lease liabilities (1,626) (2,032)
Current portion of lease liabilities $ (10,207) $ (10,451)
Operating lease liability, long-term, location Total long-term lease liabilities Total long-term lease liabilities
Finance lease liability, long-term, location Total long-term lease liabilities Total long-term lease liabilities
Total long-term operating lease liabilities $ 67,438 $ 67,220
Total long-term finance lease liabilities 9,614 10,077
Total long-term lease liabilities $ 77,052 $ 77,297
v3.24.1.u1
Commitments and Contingencies - Commitments (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Long-term debt principal and interest    
2024 $ 10,335  
2025 7,011  
2026 4,679  
2027 10,403  
2028 3,644  
Thereafter 60,176  
Total 96,248  
Operating lease liabilities    
2024 8,202  
2025 10,276  
2026 9,531  
2027 8,708  
2028 7,908  
Thereafter 46,794  
Total operating lease liabilities 91,419 $ 90,777
Finance lease liabilities, including interest    
2024 1,478  
2025 1,460  
2026 1,376  
2027 1,156  
2028 1,024  
Thereafter 6,768  
Total finance lease liabilities 13,262 14,106
Financing obligations, including interest    
2024 319  
2025 466  
2026 473  
2027 481  
2028 488  
Thereafter 6,330  
Total 8,557  
Leases not yet commenced    
2024 1,692  
2025 2,579  
2026 2,712  
2027 2,759  
2028 2,893  
Thereafter 24,187  
Total 36,822  
Unconditional purchase obligations    
2024 7,322  
2025 8,278  
2026 6,336  
2027 4,862  
2028 2,341  
Thereafter 10,730  
Total 39,869  
Other commitments    
2024 2,690  
2025 1,634  
2026 1,168  
2027 767  
2028 689  
Thereafter 9,436  
Total 16,384  
Total commitments    
2024 32,038  
2025 31,704  
2026 26,275  
2027 29,136  
2028 18,987  
Thereafter 164,421  
Total 302,561  
Financing obligations, current 269 271
Financing obligations, noncurrent $ 6,500 $ 6,600
Financing obligations, weighted-average remaining term 16 years 8 months 12 days 17 years
Financing obligations, weighted-average imputed interest rate 3.10% 3.10%
Accrued tax contingencies $ 5,500 $ 5,200
v3.24.1.u1
Commitments and Contingencies - Legal Proceedings (Details) - Jury Verdict Which Company Will Appeal - USD ($)
$ in Millions
 1 Months Ended
Apr. 30, 2024
Mar. 31, 2023
Legal Proceedings With Rensselaer Polytechnic Institute And CF Dynamic Advances LLC Member | Minimum    
Loss Contingencies [Line Items]    
Estimate of possible loss   $ 140
Legal Proceedings With Rensselaer Polytechnic Institute And CF Dynamic Advances LLC Member | Maximum    
Loss Contingencies [Line Items]    
Estimate of possible loss   $ 267
Kove IO, Inc. Matter | Subsequent Event    
Loss Contingencies [Line Items]    
Damages awarded $ 525  
v3.24.1.u1
Debt - Additional Information (Details)
 1 Months Ended 3 Months Ended
Jan. 31, 2023
USD ($)
Mar. 31, 2024
USD ($)
extension
Mar. 31, 2024
EUR (€)
Feb. 29, 2024
USD ($)
Dec. 31, 2023
USD ($)
Debt Instrument [Line Items]          
Total face value of long-term debt   $ 66,852,000,000     $ 67,182,000,000
Short-term debt   $ 50,000,000     147,000,000
Term Loan | Loans Payable          
Debt Instrument [Line Items]          
Issuance amount $ 8,000,000,000        
Debt term 364 days        
Term Loan | Secured Overnight Financing Rate | Loans Payable          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent) 0.75%        
Commercial Paper          
Debt Instrument [Line Items]          
Debt term   397 days      
Commercial paper, maximum borrowing capacity   $ 20,000,000,000 € 3,000,000,000    
Commercial paper   $ 0      
Short Term Credit Agreement | Credit Facility          
Debt Instrument [Line Items]          
Debt term   364 days      
Short-term debt   $ 0     0
The Credit Agreement | Credit Facility          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)   0.45%      
Revolving credit facility maximum borrowing capacity   $ 15,000,000,000      
Commitment fee percentage   0.03%      
November 2023 Short-Term Credit Agreement | Credit Facility          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)   0.45%      
Revolving credit facility maximum borrowing capacity   $ 5,000,000,000      
Commitment fee percentage   0.03%      
Number of term extensions | extension   1      
Additional term   364 days      
Revolving Credit Facility | Credit Facility          
Debt Instrument [Line Items]          
Short-term debt   $ 0     0
Senior Notes          
Debt Instrument [Line Items]          
Total face value of long-term debt   66,500,000,000      
Estimated fair value of notes   59,400,000,000     60,600,000,000
Credit Facility | Revolving Credit Facility          
Debt Instrument [Line Items]          
Total face value of long-term debt   352,000,000     682,000,000
Credit Facility | Revolving Credit Facility | October 2016 Revolving Credit Facility          
Debt Instrument [Line Items]          
Revolving credit facility maximum borrowing capacity   $ 352,000,000   $ 1,500,000,000  
Commitment fee percentage   0.45%      
Borrowings outstanding   $ 352,000,000     $ 682,000,000
Weighted average interest rate   6.60% 6.60%   6.60%
Collateral amount   $ 466,000,000     $ 806,000,000
Credit Facility | Revolving Credit Facility | October 2016 Revolving Credit Facility | Secured Overnight Financing Rate          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)   1.25%      
Credit Facility | Revolving Credit Facility | April 2018 Revolving Credit Facility          
Debt Instrument [Line Items]          
Additional term   1 year      
Credit Facility | Letter of Credit | April 2018 Revolving Credit Facility          
Debt Instrument [Line Items]          
Unused letters of credit   $ 8,500,000,000      
v3.24.1.u1
Debt - Long-Term Debt Obligations (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Face value of long-term debt $ 66,852 $ 67,182
Less: current portion of long-term debt (8,848) (8,494)
Long-term debt 57,634 58,314
Senior Notes    
Debt Instrument [Line Items]    
Face value of long-term debt 66,500  
Unamortized discount and issuance costs, net $ (370) (374)
Weighted average remaining lives term 12 years 4 months 24 days  
Senior Notes | 2014 Notes issuance of $6.0 billion    
Debt Instrument [Line Items]    
Issuance amount $ 6,000  
Face value of long-term debt $ 4,000 4,000
Weighted average remaining lives term 11 years 3 months 18 days  
Senior Notes | 2014 Notes issuance of $6.0 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 3.80%  
Effective Interest Rates 3.90%  
Senior Notes | 2014 Notes issuance of $6.0 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 4.95%  
Effective Interest Rates 5.12%  
Senior Notes | 2017 Notes issuance of $17.0 billion    
Debt Instrument [Line Items]    
Issuance amount $ 17,000  
Face value of long-term debt $ 15,000 15,000
Weighted average remaining lives term 13 years 10 months 24 days  
Senior Notes | 2017 Notes issuance of $17.0 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 2.80%  
Effective Interest Rates 2.95%  
Senior Notes | 2017 Notes issuance of $17.0 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 5.20%  
Effective Interest Rates 4.33%  
Senior Notes | 2020 Notes issuance of $10.0 billion    
Debt Instrument [Line Items]    
Issuance amount $ 10,000  
Face value of long-term debt $ 9,000 9,000
Weighted average remaining lives term 17 years 3 months 18 days  
Senior Notes | 2020 Notes issuance of $10.0 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 0.80%  
Effective Interest Rates 0.88%  
Senior Notes | 2020 Notes issuance of $10.0 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 2.70%  
Effective Interest Rates 2.77%  
Senior Notes | 2021 Notes issuance of $18.5 billion    
Debt Instrument [Line Items]    
Issuance amount $ 18,500  
Face value of long-term debt $ 17,500 17,500
Weighted average remaining lives term 12 years 9 months 18 days  
Senior Notes | 2021 Notes issuance of $18.5 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 0.45%  
Effective Interest Rates 0.57%  
Senior Notes | 2021 Notes issuance of $18.5 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 3.25%  
Effective Interest Rates 3.31%  
Senior Notes | April 2022 Notes issuance of $12.8 billion    
Debt Instrument [Line Items]    
Issuance amount $ 12,800  
Face value of long-term debt $ 12,750 12,750
Weighted average remaining lives term 12 years  
Senior Notes | April 2022 Notes issuance of $12.8 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 2.73%  
Effective Interest Rates 2.83%  
Senior Notes | April 2022 Notes issuance of $12.8 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 4.10%  
Effective Interest Rates 4.15%  
Senior Notes | December 2022 Notes issuance of $8.3 billion    
Debt Instrument [Line Items]    
Issuance amount $ 8,300  
Face value of long-term debt $ 8,250 8,250
Weighted average remaining lives term 4 years 7 months 6 days  
Senior Notes | December 2022 Notes issuance of $8.3 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 4.55%  
Effective Interest Rates 4.61%  
Senior Notes | December 2022 Notes issuance of $8.3 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 4.70%  
Effective Interest Rates 4.83%  
Credit Facility | Revolving Credit Facility    
Debt Instrument [Line Items]    
Face value of long-term debt $ 352 $ 682
v3.24.1.u1
Stockholders' Equity - Additional Information (Details) - USD ($)
shares in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Mar. 31, 2022
Class of Stock [Line Items]        
Stock repurchases (in shares) 0.0 0.0    
Stock repurchase, remaining authorized amount $ 6,100,000,000      
Common shares outstanding plus underlying outstanding stock awards (in shares) 10,800.0   10,800.0  
Net unrecognized compensation cost related to unvested stock-based compensation arrangements $ 14,700,000,000      
Compensation expense expected to be expensed in next twelve months expected to exceed, percentage 50.00%      
Net unrecognized compensation cost related to unvested stock-based compensation arrangements, weighted average recognition period (in years) 10 months 24 days      
Estimated forfeiture rate 26.10%   26.10%  
Minimum        
Class of Stock [Line Items]        
Award vesting period 2 years      
Maximum        
Class of Stock [Line Items]        
Award vesting period 5 years      
March 2022 Program        
Class of Stock [Line Items]        
Stock repurchase, authorized amount       $ 10,000,000,000
v3.24.1.u1
Stockholders' Equity - Stock-based Compensation Expense (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense $ 4,961 $ 4,748
Cost of sales    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 174 165
Fulfillment    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 636 603
Technology and infrastructure    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 2,772 2,574
Sales and marketing    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 932 993
General and administrative    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense $ 447 $ 413
v3.24.1.u1
Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units
shares in Millions
 3 Months Ended
Mar. 31, 2024
$ / shares
shares
Number of Units  
Beginning balance (in shares) | shares 405.8
Units granted (in shares) | shares 10.7
Units vested (in shares) | shares (20.0)
Units forfeited (in shares) | shares (11.6)
Ending balance (in shares) | shares 384.9
Weighted-Average Grant-Date Fair Value  
Beginning balance (in usd per share) | $ / shares $ 125
Units granted (in usd per share) | $ / shares 166
Units vested (in usd per share) | $ / shares 140
Units forfeited (in usd per share) | $ / shares 126
Ending balance (in usd per share) | $ / shares $ 126
v3.24.1.u1
Stockholders' Equity - Scheduled Vesting for Outstanding Restricted Stock Units (Details) - Restricted Stock Units - shares
shares in Millions
Mar. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
2024 (in shares) 195.0  
2025 (in shares) 122.0  
2026 (in shares) 50.1  
2027 (in shares) 14.0  
2028 (in shares) 2.1  
Thereafter (in shares) 1.7  
Total (in shares) 384.9 405.8
v3.24.1.u1
Stockholders' Equity - Changes in Stockholders Equity (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Changes in Stockholders' Equity          
Beginning balance $ 201,875 $ 146,043 $ 154,526 $ 146,043  
Other comprehensive income (loss) (558) 514      
Net income 10,431 3,172 37,684   $ 4,294
Ending balance 216,661 154,526 216,661 201,875 154,526
Common stock          
Changes in Stockholders' Equity          
Beginning balance 109 108 108 108  
Ending balance 109 108 109 109 108
Treasury stock          
Changes in Stockholders' Equity          
Beginning balance (7,837) (7,837) (7,837) (7,837)  
Ending balance (7,837) (7,837) (7,837) (7,837) (7,837)
Additional paid-in capital          
Changes in Stockholders' Equity          
Beginning balance 99,025 75,066 79,863 75,066  
Stock-based compensation and issuance of employee benefit plan stock 4,913 4,797      
Ending balance 103,938 79,863 103,938 99,025 79,863
Accumulated other comprehensive income (loss)          
Changes in Stockholders' Equity          
Beginning balance (3,040) (4,487) (3,973) (4,487)  
Other comprehensive income (loss) (558) 514      
Ending balance (3,598) (3,973) (3,598) (3,040) (3,973)
Retained earnings          
Changes in Stockholders' Equity          
Beginning balance 113,618 83,193 86,365 83,193  
Net income 10,431 3,172      
Ending balance $ 124,049 $ 86,365 $ 124,049 $ 113,618 $ 86,365
v3.24.1.u1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Income Tax Disclosure [Abstract]          
Provision (benefit) for income taxes $ 2,467 $ 948      
Net discrete tax benefit 558 (48)      
Cash paid for income taxes, net of refunds 458 $ 619 $ 11,018 $ 6,201  
Tax contingencies $ 5,500   $ 5,500   $ 5,200
v3.24.1.u1
Segment Information - Reportable Segments and Reconciliation to Consolidated Net Income (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
segment
Mar. 31, 2023
USD ($)
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Segment Reporting [Abstract]        
Number of operating segments | segment 3      
Segment Reporting Disclosure [Line Items]        
Net sales $ 143,313 $ 127,358    
Operating expenses 128,006 122,584    
Operating income 15,307 4,774    
Total non-operating expense (2,324) (655)    
Provision for income taxes (2,467) (948)    
Equity-method investment activity, net of tax (85) 1    
Net income 10,431 3,172 $ 37,684 $ 4,294
North America        
Segment Reporting Disclosure [Line Items]        
Net sales 86,341 76,881    
Operating expenses 81,358 75,983    
Operating income 4,983 898    
International        
Segment Reporting Disclosure [Line Items]        
Net sales 31,935 29,123    
Operating expenses 31,032 30,370    
Operating income 903 (1,247)    
AWS        
Segment Reporting Disclosure [Line Items]        
Net sales 25,037 21,354    
Operating expenses 15,616 16,231    
Operating income $ 9,421 $ 5,123    
v3.24.1.u1
Segment Information - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Disaggregation of Revenue [Line Items]    
Total net sales $ 143,313 $ 127,358
Online stores    
Disaggregation of Revenue [Line Items]    
Total net sales 54,670 51,096
Physical stores    
Disaggregation of Revenue [Line Items]    
Total net sales 5,202 4,895
Third-party seller services    
Disaggregation of Revenue [Line Items]    
Total net sales 34,596 29,820
Advertising services    
Disaggregation of Revenue [Line Items]    
Total net sales 11,824 9,509
Subscription services    
Disaggregation of Revenue [Line Items]    
Total net sales 10,722 9,657
AWS    
Disaggregation of Revenue [Line Items]    
Total net sales 25,037 21,354
Other    
Disaggregation of Revenue [Line Items]    
Total net sales $ 1,262 $ 1,027